507 1st St Crested Butte, CO 81224
Estimated payment $38,803/month
Highlights
- Indoor Spa
- Creek or Stream View
- Deck
- Home fronts a creek
- Fireplace in Bedroom
- Vaulted Ceiling
About This Home
BEAR ALLEY - Unwrap the fairytale - A Once-In-A-Lifetime Creekside Compound. Tucked away on a private alley in the most desired west side of town – this enchanting creekside compound is a secret sanctuary, impossible to replicate in character or setting. Hidden along 200 feet of riverfront on Coal Creek, BEAR ALLEY is a first-time-to-market treasure. There is nothing like it. There never will be. Featured in premier architectural lifestyle publications and showcased on HGTV, BEAR ALLEY is a masterful blend of scale, artistry, light and privacy. It’s unique character of warmth and magic leaves visitors captivated, charmed, and breathless. Historic Charm Meets Artisan Craftsmanship Constructed in 2001, the property incorporates two original 100-year-old coal sheds — meticulously restored and grandfathered-in as livable spaces that offer both personality and a timeless connection to Crested Butte’s past. The historic structures are seamlessly fused with custom craftsmanship throughout. The home’s open floor plan is anchored by soaring 30-foot ceilings and massive beams salvaged from the largest, century-old warehouse on the Columbia River. Original iron bolts remain intact, lending authenticity and character rarely found in modern construction. The exterior timber on the main house was sourced from Montana’s Elkhorn Mine – weathered lumber as old as the original coal sheds, blending with the home’s aged patina. The line between old and new vanish in the craftsmanship, At the heart of the home lies its true masterpiece: 18-inch-wide Eastern Heart Pine floors, reclaimed from an 18th-century Virginia barn. Civil War soldiers once walked these planks – each board carrying the weight of history. The Master Wing: A Private Sanctuary The master bedroom wing is a private retreat all its own – a former coal shed now transformed into a sanctuary just inches from your own stretch of Coal Creek. Above the bed, skylights frame the full moon; below, the soothing sound of running water lulls you to sleep. This spacious master suite features a kiva-style gas fireplace, an Ann Sacks soaking tub, custom concrete sinks, and Sonoma Forge fixtures – all accenting the combined bedroom and bathroom experience. The Bunkhouse: Whimsey For A New Generation The BUNKHOUSE – a third bedroom that sleeps four – is the second restored outbuilding, offering children their own whimsical world just steps from the main house. Part fort, part hideaway, it captures the spirit of Crested Butte’s slightly askew and delightfully untraditional approach to living. A Setting like No Other Shaded by Crested Butte’s oldest and most majestic cottonwoods, every door opens to a private interior yard where wildflower gardens bloom, a creekside flagstone patio invites al fresco dining, and a hot tub rests at the water’s edge. Here, barefoot relaxation is a way of life — even from a lounge chair set right in the creek. Secluded at the end of this dead end gravel lane, BEAR ALLEY is free from traffic, tourists and noise – yet just two blocks from the vibrant energy of Elk Ave. Upscale dining, boutique shopping, day spas and lively bistros are steps from your front door, while hiking and biking trails, schools, churches, and ice rinks are all within easy walking distance. Only one other home shares this private alley, offering the rare luxury of living in town with unmatched privacy. More Than A House – A Legacy A legacy like this cannot be built again. This is more than a residence – it is a generational sanctuary. A rare offering of privacy, location, water and soul.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,697
Year Built
- Built in 2001
Lot Details
- 7,841 Sq Ft Lot
- Home fronts a creek
- Back and Front Yard Fenced
- Landscaped
- Sprinkler System
Property Views
- Creek or Stream
- Mountain
Home Design
- Post and Beam
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 2,069 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Window Treatments
- Living Room with Fireplace
- Formal Dining Room
- Indoor Spa
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Wood
- Radiant Floor
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Bedroom
- In-Law or Guest Suite
- Soaking Tub
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
Schools
- Crested Butte Community K-12 Elementary And Middle School
- Crested Butte Community K-12 High School
Utilities
- Boiler Heating System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Gas Water Heater
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 325503153004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,283 | $155,650 | $16,200 | $139,450 |
| 2024 | $11,116 | $190,520 | $23,460 | $167,060 |
| 2023 | $12,698 | $180,140 | $22,180 | $157,960 |
| 2022 | $10,146 | $129,450 | $19,520 | $109,930 |
| 2021 | $9,188 | $133,170 | $20,080 | $113,090 |
| 2020 | $7,075 | $103,510 | $21,030 | $82,480 |
| 2019 | $6,932 | $103,510 | $21,030 | $82,480 |
| 2018 | $5,959 | $85,960 | $25,010 | $60,950 |
| 2017 | $5,998 | $85,960 | $25,010 | $60,950 |
| 2016 | $5,605 | $84,440 | $24,890 | $59,550 |
| 2015 | $5,857 | $84,440 | $24,890 | $59,550 |
| 2014 | $5,857 | $85,580 | $27,940 | $57,640 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2026 06/05/26 | For Sale | $6,995,000 | -- | $3,381 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | -- | -- | |
| Deed | $140,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $526,100 | New Conventional |
Source: Colorado Real Estate Network (CREN)
MLS Number: 835650
APN: R003238
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Ask me questions while you tour the home.